GPM Growth Investors Inc. Sells 4,170 Shares of Alphabet Inc. $GOOGL

Key Points

• GPM Growth Investors Inc. cut its Alphabet stake by 4.9% in the fourth quarter, selling 4,170 shares. Even after the sale, Alphabet remained its largest holding at about 9.9% of the portfolio.
• Alphabet reported strong quarterly results, with EPS of $5.11 beating estimates by a wide margin and revenue of $109.9 billion topping forecasts. The company also raised its quarterly dividend to $0.22 per share from $0.21.
• Wall Street sentiment remains broadly positive, with several analysts raising price targets and Alphabet receiving an overall “Moderate Buy” rating. Recent news also highlighted AI momentum, including Gemini adoption and expectations for more AI announcements at Google I/O.

GPM Growth Investors Inc. lessened its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL - Free Report) by 4.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 81,175 shares of the information services provider's stock after selling 4,170 shares during the quarter. Alphabet makes up about 9.9% of GPM Growth Investors Inc.'s portfolio, making the stock its biggest holding. GPM Growth Investors Inc.'s holdings in Alphabet were worth $25,408,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. PMV Capital Advisers LLC acquired a new stake in Alphabet during the 4th quarter worth $38,000. Kentucky Trust Co boosted its position in shares of Alphabet by 142.9% during the 4th quarter. Kentucky Trust Co now owns 170 shares of the information services provider's stock valued at $53,000 after acquiring an additional 100 shares during the last quarter. iSAM Funds UK Ltd acquired a new position in shares of Alphabet during the 3rd quarter valued at about $53,000. Pilgrim Partners Asia Pte Ltd acquired a new position in shares of Alphabet during the 3rd quarter valued at about $53,000. Finally, Nvest Wealth Strategies Inc. acquired a new position in shares of Alphabet during the 4th quarter valued at about $69,000. Institutional investors and hedge funds own 40.03% of the company's stock.

Alphabet Stock Down 1.1%

Shares of GOOGL opened at $396.78 on Friday. The company has a current ratio of 1.92, a quick ratio of 1.92 and a debt-to-equity ratio of 0.16. The firm has a market cap of $4.81 trillion, a P/E ratio of 30.27, a price-to-earnings-growth ratio of 1.70 and a beta of 1.26. The company's 50-day moving average price is $329.30 and its 200 day moving average price is $317.27. Alphabet Inc. has a 12-month low of $162.00 and a 12-month high of $403.70.

Alphabet (NASDAQ:GOOGL - Get Free Report) last issued its quarterly earnings results on Wednesday, April 29th. The information services provider reported $5.11 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.64 by $2.47. The company had revenue of $109.90 billion for the quarter, compared to analyst estimates of $106.98 billion. Alphabet had a net margin of 37.92% and a return on equity of 38.99%. On average, sell-side analysts forecast that Alphabet Inc. will post 14.29 earnings per share for the current year.

Alphabet Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Monday, June 8th will be paid a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 0.2%. This is a boost from Alphabet's previous quarterly dividend of $0.21. The ex-dividend date is Monday, June 8th. Alphabet's payout ratio is currently 6.41%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Jefferies Financial Group reissued a "buy" rating on shares of Alphabet in a research report on Monday, May 4th. The Goldman Sachs Group boosted their price target on shares of Alphabet from $400.00 to $450.00 and gave the company a "buy" rating in a research report on Thursday, April 30th. Freedom Capital cut shares of Alphabet from a "strong-buy" rating to a "hold" rating in a research report on Monday, May 4th. Mizuho boosted their price target on shares of Alphabet from $420.00 to $460.00 and gave the company an "outperform" rating in a research report on Wednesday, May 6th. Finally, Citigroup reissued an "outperform" rating on shares of Alphabet in a research report on Monday, May 4th. Two equities research analysts have rated the stock with a Strong Buy rating, forty-seven have given a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, Alphabet presently has an average rating of "Moderate Buy" and an average target price of $410.84.

Alphabet News Roundup

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Loop Capital raised its price target on Alphabet to $490 and kept a buy rating, while Oppenheimer lifted its target to $445 with an outperform rating, reinforcing confidence in the company’s growth outlook. Loop Capital price target update Oppenheimer price target update
• Positive Sentiment: Several reports pointed to Alphabet’s AI momentum ahead of Google I/O, including growing customer adoption of Gemini Flash and expectations that the event will showcase more AI innovation. Business Insider on Gemini Flash adoption BofA note on Google I/O
• Positive Sentiment: Analysts also raised forward earnings estimates for Alphabet, suggesting continued confidence in monetization and profit growth. Alphabet earnings estimate update
• Positive Sentiment: Alphabet completed a record-breaking yen bond sale, giving it fresh funding capacity to expand AI infrastructure while diversifying its financing sources. Yen bond issuance article
• Neutral Sentiment: Commentary around Alphabet’s YouTube revenue, the company’s role in AI infrastructure, and Bill Ackman’s continued interest in mega-cap tech adds to the positive narrative, but these items are more supportive context than direct catalysts. YouTube revenue article Bill Ackman Mag 7 article
• Neutral Sentiment: Some coverage highlighted Alphabet’s valuation and the broader crowding in AI/mega-cap tech, which could make the stock more vulnerable if sentiment cools. Valuation rerating article UBS crowding warning
• Negative Sentiment: A report that Google may cap new Gmail accounts at 5GB of free storage could be seen as a consumer-unfriendly move and a possible engagement risk if implemented broadly. Gmail storage cap article
• Negative Sentiment: There was also some concern around competition and execution in AI and adjacent hardware, including comparison pieces on Alphabet versus Nvidia and broader AI rivalry. AI competition article

Insider Activity at Alphabet

In other Alphabet news, CAO Amie Thuener O'toole sold 617 shares of the business's stock in a transaction dated Wednesday, April 1st. The shares were sold at an average price of $289.63, for a total transaction of $178,701.71. Following the sale, the chief accounting officer directly owned 10,093 shares in the company, valued at $2,923,235.59. This represents a 5.76% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director John L. Hennessy sold 1,050 shares of the business's stock in a transaction dated Wednesday, April 15th. The stock was sold at an average price of $331.65, for a total transaction of $348,232.50. Following the sale, the director owned 3,581 shares in the company, valued at $1,187,638.65. This trade represents a 22.67% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 157,953 shares of company stock valued at $47,767,818. 11.61% of the stock is owned by company insiders.

About Alphabet

Alphabet Inc is the holding company created in 2015 to organize Google and a portfolio of businesses developing technologies beyond Google's core internet services. Its principal operations are led by Google, which builds and operates consumer-facing products such as Google Search, YouTube, Android, Chrome, Gmail, Google Maps and Google Workspace, as well as advertising platforms (Google Ads and AdSense) that historically generate the majority of its revenue. Google also develops consumer hardware (Pixel phones, Nest smart-home devices, Chromecast) and developer and distribution platforms such as Google Play.

Beyond Google's consumer and advertising businesses, Alphabet invests in enterprise and infrastructure offerings through Google Cloud, which provides cloud computing, data analytics and productivity services to businesses and institutions.

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